Sheep & Beef Farm Conversion to Forestry Slows, Risk Remains
Conversions of sheep and beef farms to forestry have slowed, however new research from Beef + Lamb New Zealand (B+LNZ) suggests land of value for food production remains at risk.
Murphy warns, "You'll see a $10 cucumber in no time".
Greenhouse growers will be affected by changes to industrial allocation, where government gives free emission units to businesses, keeping them competitive against countries who aren't facing crippling ETS costs.
There will be fewer free permits than before; some growers will pay an extra $200k this year, which VNZ warns could force them out of business.
Those locked into gas contracts who cannot switch to alternatives will be hit with higher ETS fees for using that gas.
As Murph rightly says, "it's a triumph of bureaucracy".
